Movers & Shakers: November 02, 2012

African Currencies

Botswana: DCI -0.31%, USD 21k

Another rather dull day in Gaborone with value traded amounting to USD 21k while the market closed lower with the DCI falling 0.31% to close at 7,470.18. There were no names that closed the day higher while Primetime (187t, -1t) and Sefalana (310t, -1t) were the only counters that closed the day lower.

Egypt: Closed for the day.

Kenya: NSE20 -0.18%, USD 6.90m

Yet another active day in Kenya to close the week but foreign participants noticeably quieter accounting for only 37% of the total turnover, this heavily skewed to the buy side. The banks were the most active with KCB (+84bps, KES30.00) and EqBnk (-1.03%, KES24.00) both extremely active and a number of crosses going through in both counters. KPLL was also active with 4.2mill shares changing hands, mostly through crosses. The shilling also displayed some weakness as markets adjust to a possible rate cut next week following the drop in inflation.

Mauritius: Closed for a public holiday today.

Nigeria: ASI -0.17%, USD 9.59m

An extremely dull day in Nigeria as turnover didn’t even crack into double figures. The BNK10 was soft, closing down 64bps for the day. The outliers were Access which closed up 3.1% at N8.97 and Fidelity which closed up 2.88% at N2.14. The consumers names were alsoextremely quiet with NB closing up 43bps at N128.55. Aiico Insurance closed +9.52% at N0.69 to be the strongest performer on the day.

South Africa: Top 40 +0.82%, USD 1.48bn

The JSE ended the day higher with the Top 40 Index gaining 0.82% to close at 33,512 while value traded amounted to USD 1.48bn. Industrials were the day's biggest gainers with the Index gaining 0.91% followed by Financials and Resources which gained 0.76% and 0.62% respectively. The Rand was trading at 8.75 and 11.23 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE unch, USD 12k

Activity slowed down dramatically today with value traded amounting to a dire 12k. The names that traded included CEC and SCZ. CEC was the biggest contributor towards turnover with value traded in the name amounting to USD 11k. SCZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 326.

Zimbabwe: Industrial Index -0.23%, Mining Index -5.72%, USD 600k

The Industrial Index eased -0.23% to 155.40pts weighed down by losses in cement producer, Larfage despite gains in Seedco, Innscor and Old Mutual. Delta and Econet traded at 93.12c and 480c respectively. Larfage lost 11.76% to 75c; hotelier RTG pared 20% to 1.6c while TPH lost 9.09% ahead of consolidation with Zimplow. On a week on week basis the industrial index is 1.33% up and 6.54% higher on YTD basis. Market turnover declined -17.04% to $0.60m due to thin volumes in heavy caps despite a 4.59% growth in overall volumes to 4.57m. Notable volume movers were small cap and middle cap stocks Dawn (823,926), Edgars (706,000), Mash (448,099), NMBZ (351,612), and ABC (250,654). The Mining Index closed the week having eased -5.72% to a low of 86.37pts after all mining stocks traded during the session. Rio firmed to close at 67c however this failed to rally the index. Hwange shed -20.45% traded at 17.50c .Also dragging the resources down is Bindura that lost -9.70% from 2.99c.Falgold remained steady at 18c.